The Client

First Time Borrower, Experienced Investor
• Loan Purpose
Property Purchase Only
• Loan Structure
12 Months Interest Only

The Investment

Purchase Only - Single Family
• Purchase Price
$159,000
• Renovation Budget
$0
• Loan Amount
$111,000
• Cash Available for Purchase
$111,000
• Cash Available for Renovation

The ABL Partnership

Asset Based Lending recently funded a hard money property purchase loan in Baltimore Maryland. The borrower is a repeat borrower and full-time builder & real estate investor. The property was purchased for $159,000 with total loan funded at 70% LTC and 75% LTV. The property is a single-family 3-bedroom, 1-bathroom measured at a total 1,875 square feet. The borrower will be holding this property as an income producing asset by refinancing into our long-term rental loans.

The Results

• After Repair Value
$148,000 (As-Is)
• Sale Price
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